New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-09-28
TUESDAY, Sept. PIP. NJ.

I'll. oec,al abatement of the Philadelphia and Reading
Railroad Company including the operations OF the 'oa'
and Iron Company for August and for nine MINUS
ended August 81 printed herewith II eiFes net
inrs for August of 800 1885, or $7S224o greaier IMAM
IN August. 1886 And yet for moro than six weeks we
have heen reading OF the deplorable condition OK the coal
and iron trade For the nine months tho net earnings
.monn, 10 So $50 ISL or an increase OF $453aosi Oh
the net earnings OF the nine months oil the preceding
wear The increase for August Is 1878 per cent ana
for the nine 1t 11310 per cent Ana
nor iron IL selling exorbitant prices IL the ne, earn
ings OF each OF three months prove to be eq "
those OF Augus-and there is reason to suppose
win not exceed 1.-THE for the ending No'eo''
so will be over Sl2 100000 over per cent on '0
stock under the first charges according 10 the reors"
cation scheme ,
Last weeks payments by the various SUD treasures
for purchased bonds. just begin 10 De rehee'eu :" wv
Washington Treasury statements To-Day s'"'e"'e"
makes the issue OF gold certificates $l3ooooo greater
than by Yesterdays statement ana toe gold on naho
SoIs 600 less there also Is Increase OF Soooooo ia
the issue of silver certificates and loss OF lsoooo
coined dollars Total reduction S2,2ooOoo 'o"afu 'nc
$1,000 600 OF bond purchases last week
rodav,s stock market was duh and yet strong. The
total transactions amounted only TO 2094l7 shares
against 27s 1888 yesterday with Its wide fluctuations
The market Is aud has been simply mah'p"-
lation for decline, against an aoSo'P'
ton of stocks. which no one ID the
sold stocks down at every opportunity which onered
and every time when they ceased to sell the market mas
rallied without an effort make it do so. The speeua-
ton is for "bear" accounts the buying Is for invest
ment fright money; "steel rails way down 10
s3GD against S35 year ago. ana sucn
like talk has yet accomplished little, except 70
make lower prices at which buyers have been able 10
make their purchases. Tho "bears" have MOI reaped
the profits OF raids They have shook the Tree anu
others have gathered the fruits Liquidation OF accounts
on small margins has been forced, but 1t Is sood
buyer for the long account have reaped the bene
fits Yesterdays aud todays markets are typical OF the
transactions months Stocks have easily yeidea I'M
der pressure OF "short" contracts. but have rapidly
recovered when pressure ceased And the market
ia SO limited that bear raid tomorrow would not oe
without its Temporary effect on prices; OUT inc
offerings would be absorbed US they have
been before and only TO limited ex-
tent by the matched orders OF sellers. Every RAID
has and does increase the OF the outstanding
"short interest The buyers. whoever they may nave
beeu as yet do any edsrt To create scarcity
of stocks in the the contrary they press
their offerings to The only feature OF todays mar
strength aud that they did surprise to the
bcar leaders and to their large trading following o.
Paul was special OBJECT of attack and it closed lower
than last evening. and Pacific Mall lost Il per cent OF US
yesterday per cent advance. Otherwise the market
closed quiet and strong at about the best hgures
Government bonds duh with the bids Tor the Is
advanced s per to the Treasury bid Annexed are
the closing quotations: